Welcome to the next in our #AcademicintheSpotlight series highlighting social scientists doing innovative & dynamic research that you really ought to be aware of.
This week, it’s the turn of @DrScottJames. Scott works on the political economy of finance. Interested? Read on.
But first, watch this video, and find out about his work 👇
Scott’s work with Lucia Quaglia has tried to explain how stakeholders in the financial services industry (politicians, the regulators and industry representatives) interact to create new regulation across the sector.
global.oup.com/academic/produ…
In the case of Brexit, this created a clear puzzle: how did the financial services industry and the City of London – usually powerful lobbying groups – end up with a type of Brexit that they did not want? 🔍🤔
tandfonline.com/doi/abs/10.108…
The answer? The government downgraded the concerns of the financial services industry; the Treasury was sidelined; and collective action problems led to a weakened and divided voice from the City.
Scott’s work has also examined other issues where the outcome was seemingly counter-intuitive, such as the European Central Bank’s refusal to force the relocation of euro clearing away from London after Brexit.
tandfonline.com/doi/full/10.10…
Scott has also argued that Brexit polarisation has impacted negatively on policymaking in the UK: making it harder to learn from mistakes, creating a high level of distrust in outside experts, and a culture of secrecy and suspicion within Whitehall.
tandfonline.com/doi/full/10.10…
Read this blog to find out more about @DrScottJames work and why the banking system collapse in 2007-8 led him to research the political economy of the financial services industry.
ukandeu.ac.uk/the-political-…
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